Scott Sigman MD’s Post

🌟 Thrilled to share my recent experience facilitating another value workshop for MedTech Innovator (MTI)! 🌟 Key takeaways: - Diverse Perspectives: Jake Benowitz's market access expertise, William A. Conrad, MD's health system innovation leadership, and my own investor and marketer insights created a rich learning environment. Together, we were able to provide a 360 perspective to the entrepreneurs. - Early Value Work Pays Off: Starting the work of defining value early saves entrepreneurs time and resources while strengthening their pitches. The MTI curriculum is spot on in this regard. - Prepared and Strategic Entrepreneurs: Our group included Ryan James, PhD from Dopl Technologies, Sanket Chauhan, MD, MBA from Surgical Automations and Jeff Erb from Paxos Medical. They impressed us with their strategic thinking and level of preparedness. Their products, from robotics to neurostimulation, are paving the way to meaningful advancements in care (and they are building strong businesses in the process). 💡 Personal Reflection: Facilitating this workshop reinforced my belief in the power of clarity and focus on value. I'm excited to get more involved as a value coach in the future. 🙏 Gratitude: Thanks to MedTech Innovator and Nicole Black, PhD for orchestrating another outstanding workshop. Your commitment to accelerating start-ups in the MedTech space is clear to see. 👉 Start-ups, consider MTI for invaluable guidance and growth. 👉 MedTech investors, take a look at the innovative companies in the current cohort! #MedTech #Innovation #Entrepreneurship #Healthcare 

Is Your HealthTech Growth Strategy Really Working? (Number 3 is the most important reason.) I've noticed more and more HealthTech CEOs are grappling with the uncomfortable reality that despite their innovative products and services, scaling their business and achieving sustainable growth is more challenging than anticipated. IMO the core issue lies in a disconnect between technology development and market needs, leading to ineffective growth strategies that fail to deliver long-term success. The ultimate goal for HealthTech CEOs is a growth strategy that propels their company forward but also ensures that their innovations make a tangible, positive impact on healthcare delivery and patient outcomes. 1. Technology Isn't the Silver Bullet - We've all fallen for the allure of technology as the ultimate solution. But let's be real – it's not about having the most advanced tech but about how it truly meets the needs of patients and healthcare providers. 2. Understanding Over Innovation - Innovation is critical, but understanding market needs is paramount. We must pivot from tech-centric to HCP/patient-centric strategies, ensuring our innovations solve real healthcare challenges. 3. Collaboration is Key - This is important! No single company can transform healthcare alone. Partnerships with healthcare providers, policymakers, and other stakeholders is essential to scale and impact meaningfully. 4. Tailored Solutions Win - Healthcare is personal. Our technologies must reflect this, offering personalised solutions that cater to individual patient needs, conditions and pathways. The solution lies in embracing and implementing a growth strategy that is deeply rooted in market realities and patient needs. This involves a shift from a tech-centric focus to a HCP/patient-centric approach, where technology serves as a means to enhance healthcare delivery rather than being the end goal. It requires integrating feedback from healthcare providers and patients into the development process, focusing on solving real-world problems, and creating partnerships that enhance reach and impact. P.S. What would you add? Found this useful? Repost ♻️ to help your network. #entrepreneurship #innovation #management

Healthcare Entrepreneurs on LinkedIn In the realm of #healthcare innovation, the journey towards creating life-saving medical devices often starts with a simple question: "What if we could make this better?" Healthcare startups stand as pioneers in revolutionizing lives by translating daring concepts into meaningful solutions. Navigating the path of medical innovation comes with its set of challenges, including #regulations, #funding constraints, and demanding #trials. Key Elements for Success: 1️⃣ #Purpose-Driven Solutions: Success blossoms from a profound comprehension of #real-world challenges (Unmet clinical needs) 2️⃣ #Collaborative Mindset: Build a team encompassing a blend of #diverse specialists, mentors, and supporters (Multidisciplinary) 3️⃣ #Emphasis on Impact: Approach #regulations, #trials, and #scalability as stepping stones, underscoring the importance of your endeavors. To all visionaries: Your steadfast dedication is undeniably shaping a positive impact. I, Dr C. Sheela Sasikumar, guide healthcare startups in metamorphosing their inventive concepts into potent, market-ready resolutions...... What propels your journey forward? Share your insights! SS Clini Research LLP Dr. RK's StartupTN Martin King #Innovation #HealthcareStartups #MedicalDevices #Entrepreneurship

BreatheVision, a gem in the BDR Group portfolio, is transforming respiratory care with its state-of-the-art technology. By focusing on patient comfort and accurate diagnostics, BreatheVision provides healthcare professionals with the tools they need to deliver exceptional care. Their innovative products are designed to be user-friendly, efficient, and highly effective so that patients receive the best possible treatment. BreatheVision's dedication to innovation and quality has made them a trusted name in the healthcare industry. Send me a message to learn more about Breathevision and other BDR Group portfolio companies! ________________ I am Ziv, one of the co-founder’s of the BDR Group and if you are an entrepreneur or founder with an interesting concept and think the group is right for you, send me a message. #innovation #entrepreneurship #startup #innovation #supplychain #growth #BDRGroup

Obstacles are not roadblocks—they're launchpads. Agree or disagree? Here's my thoughts: The toughest challenges often spark the most transformative innovations, shaping industries and creating lasting impact. At BDR Group, we’ve built our legacy on this principle. Whether it’s reimagining patient care in healthcare via InjecTec, delivering unparalleled precision in imaging, or revolutionizing skincare with advanced technologies like Synoia Technologies’ WishPro, our companies thrive by addressing unmet needs and turning them into game-changing solutions. Every breakthrough begins with a problem. The question is: how do we harness that problem to create something extraordinary? Challenges demand creativity, resilience, and vision. They push boundaries and compel us to innovate—not just to solve issues but to anticipate future needs. What’s a challenge you’ve faced that turned into your biggest breakthrough? ______________________________ 💡 Hi there, I’m Ofer and I talk about the intersection of engineering, entrepreneurship, and technology. 💬 Follow me also for updates on BDR Group and our portfolio companies. #innovation #startup #startupfactory #impact #growth #synoia #innovation 

Why MedTech startups should avoid relying on a single distributor Finding the right distributor for your medical device is one of the toughest challenges MedTech startups face. Relying on just one distributor might seem convenient, but it’s a gamble that can cost your startup valuable time and growth opportunities. Here’s why relying on a single distributor is a risky strategy: ➔ Lack of control: A single distributor holds too much influence over your success, leaving you vulnerable to their priorities and limitations. ➔ Market gaps: If they don’t cover certain regions effectively, you miss out on key growth opportunities. ➔ Limited feedback: With only one perspective on the market, you lose valuable insights from diverse channels. How to avoid this trap: ➔ Diversify early: Partner with multiple distributors to expand your reach and reduce dependency. ➔ Set clear metrics: Define and track performance benchmarks regularly to hold distributors accountable. ➔ Evaluate coverage: Ensure your distributors complement each other geographically and strategically. ➔ Foster relationships: Build direct relationships with key clients to reduce reliance on intermediaries. At FOXFIRE Medtech, we’ve seen firsthand how startups can thrive by creating a strong, multi-distributor strategy. In our modules, we guide MedTech founders through selecting, managing, and scaling their distribution networks to maximize impact. What’s your take? Have you experienced the risks of relying on a single distributor? Share your thoughts in the comments or reach out to explore how we can help.

🚀 Excited to Announce: I have started a new chapter as a Founder & CEO at Adhvan Healthcare & Life Sciences LLC!🚀 www.adhvanhealth.com Having spent years as a researcher myself, I’ve experienced firsthand the challenges of turning innovative ideas into realities. After transitioning to help fellow researchers, inventors, and entrepreneurs, I realized that many groundbreaking ideas struggle to reach the public due to the lack of strategic support and guidance. That’s why I founded Adhvan—to bridge this gap and empower innovators to see the big picture, strategize effectively, and bring their breakthroughs to life. At Adhvan, we're not just about helping with the technical details; we're about providing a clear vision of how your product, invention, or innovation can make a real impact in the world. We show you the pathway to realize that vision, ensuring that your ideas don’t just stay in the lab or workshop—they reach the people who need them most. I'm thrilled to take this next step and look forward to collaborating with you all as we work together to make a difference! #Innovation #Healthcare #LifeSciences #Consulting #Entrepreneurship

Explore the synergy of technology, innovation, and entrepreneurship in the growing telehealth industry. This course equips you with essential knowledge and practical skills to innovate and launch successful ventures in the evolving healthcare space. Enroll at https://lnkd.in/d5bTbnqQ #Telehealth #Innovation #HealthTech #Entrepreneurship #DigitalHealth #HealthcareInnovation 💻💡🚀

MedTech offers a unique set of opportunities, but it brings challenges with it, as well. Innovators often develop ground-breaking technologies, but to bring them to market, they have to overcome plenty of risk and fear. Fortunately, they don't have to do it alone, and the power of team could make all the difference. #medtech #innovation #technology

MedTech offers a unique set of opportunities, but it brings challenges with it, as well. Innovators often develop ground-breaking technologies, but to bring them to market, they have to overcome plenty of risk and fear. Fortunately, they don't have to do it alone, and the power of team could make all the difference. #medtech #innovation #technology